According to the report of the Ministry of Construction, apartment prices in the first quarter of 2025 in large cities such as Hanoi and Ho Chi Minh City, Da Nang, Hai Phong generally did not fluctuate much compared to the fourth quarter of 2024. Notably, the super luxury segment has appeared in a few projects with prices approaching 200 million VND/m2.
According to Lao Dong, many apartment projects in Hanoi are being advertised for sale at prices exceeding 200 million VND/m2.
Accordingly, apartments at the Noble Crystal Tay Ho project (Tay Ho district, Hanoi) are being offered at 150 - 270 million VND/m2. An apartment with an area of 316m2 is being offered for sale at 84.3 billion VND, equivalent to 266.77 million VND/m2.
In Hoan Kiem district, The Grand Hanoi super luxury apartment project costs up to 500 - 700 million VND/m2, with a total value of about 50 - 120 billion VND/unit.
Heritage West Lake project (Tay Ho district, Hanoi), the selling price of apartments ranges from 82 - 288 million VND/m2. Accordingly, a 4-bedroom apartment with an area of 267m2 is being offered for sale at a price of 77 billion VND, equivalent to more than 288 million VND/m2.
At the Metropolis project in Ba Dinh district (Hanoi), many sky villa apartments are currently being offered for sale at prices ranging from 250 - 260 million VND/m2. Meanwhile, conventional apartments in the same area have common selling prices from 140 - 200 million VND/m2.
With the above price, apartment prices in many areas are equal to or higher than the prices of townhouses and villas in some projects such as Louis City (Hoang Mai, Hanoi), Geleximco (Hoai Duc, Hanoi) ...
Mr. Tran Quang Trung - Business Development Director of OneHousing said that the number of newly opened apartment products in the Hanoi market in 2025 is estimated to reach about 30,000 units. Of which, about 60 - 70% are luxury apartments and 30 - 40% are luxury apartments.
Explaining why the high-end and luxury segments will be the main segment, Mr. Tran Quang Trung said that first of all, it is necessary to mention the application of the new land price list, which leads to higher input costs for businesses, making output also higher.
To meet the increasingly demanding needs of the people, timely investors have developed high-end projects, providing better quality products for the growing middle class, in the context of increasingly limited land funds.
In fact, the apartment segment in Hanoi, Ho Chi Minh City or other markets in the region and the world are also following the general trend that apartment products will become more and more high-end and complete to serve the increasingly large middle class, said Mr. Tran Quang Trung.
Mr. Pham Duc Toan - General Director of EZ Real Estate Investment and Development Joint Stock Company (EZ Property) said that in 2024, apartment prices in many areas have increased sharply.
However, up to now, the increase has slowed down because the price level has increased too much. According to him, most of the high-priced projects are often located in the center of Hanoi, oriented by investors for customers with strong financial potential, not serving the needs of the majority.
However, Mr. Toan commented that apartments priced over 150 million VND/m2 are quite picky about buyers, so liquidity is not high. In reality, the real estate market in general and the apartment segment in particular are showing signs of stagnation, making it difficult for the supply of luxury and luxury apartments to achieve liquidity as expected.
